An economics lesson for Warren

THE VIDEO in which Elizabeth Warren, de facto Democratic nominee for the US Senate, rebuts GOP claims that taxing the rich is “class warfare,’’ continues to be a sensation. “There is nobody in this country who got rich on his own,’’ Warren tells supporters. “Nobody!’’

Her claim is that it is not entrepreneurs who create wealth. They play a role, she acknowledges, but the credit really belongs to all of us. And that becomes the rationale for why they deserve to pay a premium in taxes: We deserve a share of their wealth because we helped create it.